ABB – results

ABB, the global technology group, reported net income up by 16% to $970m (£650m) on revenue 6% lower at $10.7bn. The company plans to double the proportion of its income from service-based business. It is also trying to distance itself from some of its older sectors – for example by selling its nuclear business to […]

ABB, the global technology group, reported net income up by 16% to $970m (£650m) on revenue 6% lower at $10.7bn. The company plans to double the proportion of its income from service-based business. It is also trying to distance itself from some of its older sectors – for example by selling its nuclear business to British Nuclear Fuels – while moving into alternative forms of energy generation such as wind power.

Copyright: Centaur Communications Ltd. and licensors